The cold wallet of CoinTiger exchange was stolen, and the proton chain of 400 million PTTs was missing, which made investors suffer huge losses. After the incident, the exchange and the project side launched a number of rounds of announcements, which formed a confrontation, but CoinTiger did not come up with a valid compensation plan. Instead, it closed the PTT coin-return function (the coin channel was still open).
According to ChainDD Thinktank, 7 new cryptocurrencies listed by September 8th but the number saw a 36.36% decrease compared with the number of the previous week.
Five key findings in fin-tech experimental process were announced by FSA’s top financial regulator. The findings include sufficient data privacy protection, Fintech Innovative Lab establishment for future technology support, relevant regulations and policies formulation for demands of different industries, digitalization of financial monitoring and infrastructure, and dealing with global events.
A Japan-based analyst with ChainDD interviewed Ryozo Himino, the vice minister for international affairs of the FSA, about his viewpoints on FSA program—Fintech Innovation Hub, and the types of programs focused on by regulators.
Qingdao Arbitration Commission and XuperChain jointly launched a digital platform for arbitration cases handling and digital evidence.
The listed companies behind several large-scale crypto exchanges have repeatedly reported good news. The world's first legal exchange has ended in disappointment. Japanese giants want to attack the US market.
The global summit is organized by Japan’s Financial Services Agency (FSA) and the Nikkei with a focus on fintech application, blockchain technology development and regulation challenges posed by Libra.
Security loopholes of cryptocurrency exchange that occurred in August have led to a loss of over 60 million RMB statistically. Compared with July, fewer hacking incidents happened in August and the loss was smaller. However, there is an increasing tendency of Exchanges being hacked via security breaches.
Agricultural Development Bank of China official website shows that on August 30, MSME online service management center is located in Xiong’An New District.
It seems that all stablecoins have become untrustworthy. Where is the future of stablecoins?
The blockchain patent report in the first half of 2019: China accounted for 67%, and Alibaba ranked No.1 with 322 accumulated patent application.
According to CAIJING.com.cn, for the report released by Forbes, a digital currency developer close to PBC said that there is no specific arrangement for CBDC right now.
A source quoted by Forbes said that China’s central bank will launch a state-backed cryptocurrency and issue it to seven institutions in the coming months.
Japan FSA released the “Tax System Amendment Requirements” which will be submitted to the Ministry of Finance.